Memphis and Little Rock Railroad - Bond - Railroad Bonds for Sale

Memphis and Little Rock Railroad - Bond - Railroad Bonds For Sale

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Memphis and Little Rock Railroad - Bond - Railroad Bonds:
$184.00

$1,000 7% Bond. 52 coupons attached at the bottom. Great train vignette by American Bank Note Co., NY. Archive repair at bottom border fold, otherwise Choice Condition. The Memphis and Little Rock Railroad was chartered in the U.S. state of Arkansas in 1853. The line ran from Hopefield (now West Memphis, Arkansas) on the east to Huntersville (now North Little Rock, Arkansas) on the west. The eastern third was completed in 1858 and the western third was built by 1862. During the American Civil War, the Union Army seized control of the line and used the western section to supply its occupation force in Little Rock. The center section was finally completed in 1871. The railroad was subjected to frequent damage from floods and suffered from financial problems. It was sold in 1873, 1877, 1887, 1898, and 1900 before eventually becoming part of the Chicago, Rock Island and Pacific Railroad. The Memphis and Little Rock Railroad (M&LR) was chartered by the State of Arkansas on January 10, 1853. Construction of the 5ft 6in (1.676m) gauge railroad was estimated to cost $3.2 million. John H. Bradley & Company won the contract to build the line. The survey work began in 1854, but the first track was only laid in 1856 at Hopefield, across the Mississippi River from Memphis, Tennessee. By November 1858, the eastern third of the line was completed from Hopefield to Madison, Arkansas on the St. Francis River. Construction on the western section began in 1861 at Huntersville, across the Arkansas River from Little Rock. By 1862, the western third was completed as far as DeValls Bluff on the Item ordered may not be exact piece shown. All original and authentic.